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The High Cost of Target-Date Funds
  + stars: | 2020-12-04 | by ( Chana R. Schoenberger | ) www.wsj.com sentiment -0.99   time to read: +1 min
Are investors paying too much for target-date funds? Target-date funds are designed to give investors a diversified portfolio that automatically rebalances over time, as a goal like retirement or college approaches. Instead of spending extra to have a target-date fund manage their asset allocation, investors should replicate the portfolios using cheaper exchange-traded funds, the authors write in “Off Target: On the Underperformance of Target-Date Funds.”The problem is that target-date funds are funds that invest in other funds (known as “funds of funds”), say authors David Brown of the University of Arizona’s Eller College of Management and Shaun Davies of the Leeds School of Business at the University of Colorado Boulder. While only about 20% of funds use this arrangement, many 401(k) investors may be forced to choose them in their portfolio. What’s more, many of the double-fee funds also contain actively managed funds, which charge more than passive funds because they come with higher staff costs.
Persons: David Brown, Shaun Davies Organizations: University of Arizona’s, University of Arizona’s Eller College of Management, Leeds School of Business, University of Colorado Locations: University of Arizona’s Eller, University of Colorado Boulder
As the cannabis industry continues to take root state by state, Congress will consider whether to remove marijuana from the federal Controlled Substances Act once and for all. The House will vote Friday on the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, which would decriminalize cannabis and clear the way to erase nonviolent federal marijuana convictions. Friday's vote would mark the first time a full chamber of Congress has taken up the issue of federally decriminalizing cannabis. Majority Leader Mitch McConnell, R-Ky., has slammed Democratic efforts to include diversity studies as part of cannabis reform, saying this year that lawmakers should instead focus on providing relief from the coronavirus pandemic. Still, McConnell, who supports the hemp industry, met with cannabis industry insiders last year in California, signaling to some experts that perhaps cannabis reform is much closer to becoming reality.
Persons: Earl Blumenauer, Blumenauer, Richard Nixon's, Nixon, Blumenaer, Barbara Lee, Lee, Debbie Lesko, Lesko, James Cole, Cole, Justin Strekal, Mitch McConnell, McConnell, Wallin Organizations: Substances, Marijuana, Reinvestment, Veteran Affairs, Rep, Congressional Cannabis Caucus, NBC, Centers for Disease Control, Cannabis, D.C, Narcotic Drugs, MORE, National Organization, Democratic, Senate, Wellness Locations: Congress, Portland, — Arizona , New Jersey, South Dakota , Montana, Mississippi, Washington, America, Brown, United States, California, Colorado, Ky
TORONTO (Reuters) - The outlook for the Canadian dollar has improved on expectations the currency will benefit from domestic economic stimulus and the rollout of a COVID-19 vaccine, a Reuters poll showed, with the loonie already gaining in recent months. FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark Blinch/File PhotoCanada’s dollar has strengthened 14% against its U.S. counterpart since March, reaching a two-year high on Thursday at 1.2848 per U.S. dollar, or 77.83 U.S. cents. “We see several tailwinds for the Canadian dollar,” said Stephen Brown, senior Canada economist at Capital Economics. Still, Harvey expects a high savings rate and strong vaccination orders, along with fiscal stimulus, to support economic recovery.
Persons: Mark Blinch, , , Stephen Brown, Chrystia Freeland, Brown, Simon Harvey, Harvey Organizations: TORONTO, REUTERS, U.S, Capital Economics, Canadian Finance, Monex, Pfizer Locations: Toronto, Canada, COVID, Monex Canada
Former FDA Chief and Pfizer board member Dr. Scott Gottlieb told CNBC that he is "hopeful" there will be adequate vaccine supply in 2021, on the heels of a Wall Street Journal report that Pfizer had to cut its original estimates for the amount of vaccine doses this year because of supply-chain problems. "The supply ramps very quickly as you move out and the more you push out that timeframe into 2021 by a week or two weeks, you have less supply in 2020," Gottlieb said. "I'm hopeful that we're going to have adequate supply in 2021 and it's going to ramp very quickly, but hopefully these do get into the market this year." One American died about every 30 seconds from Covid on Wednesday, according to a CNBC analysis of Johns Hopkins data. Gottlieb said that while there is some protection after the first dose, both doses should be taken for 95% efficacy.
Persons: Scott Gottlieb, Gottlieb, Johns, Johns Hopkins, Hospitalizations, Covid, Bruce Becker, Becker, Shepard Smith, BioNTech, Smith, that's Organizations: FDA, Pfizer, CNBC, Journal, Brown University's School of Public Health, for Disease Control, Prevention, Moderna Locations: Covid, Johns Hopkins, United States
Unless more aid comes from the government, several relief measures are set to expire at the end of the year. They include a ban on home evictions, the pause in student loan payments, and unemployment benefits for more than 13 million Americans. The need is great, it is immediate, it is urgent and I think we certainly have the capacity to act. Unemployment insuranceOLIVIER DOULIERY/AFP via Getty ImagesIn addition to the $600 boost in unemployment, the CARES Act provided two other benefits for those without jobs. The first program, Pandemic Unemployment Assistance, is aimed at those who typically aren't eligible for unemployment insurance, such as gig workers, freelancers and the self-employed.
Persons: Andrew Lichtenstein, Erika L, Moritsugu, Steny Hoyer D, Mitch McConnell, McConnell, Steny Hoyer, OLIVIER DOULIERY, Chris Browning, Leo Tucker, Tucker, Ban, ERIC BARADAT, Browning, ROBYN BECK, Betsy Mayotte Organizations: Corbis, National Partnership for Women &, Trump, Democratic, Getty, Department of Labor, Labor Department, Finance, D.C, Northwestern Mutual, Washington , D.C, AFP, Centers for Disease, Princeton, Income Housing Coalition, CDC, Institute of Student Loan Advisors Locations: Harlem, New York, AFP, Washington, Washington ,, Mayotte
Against this backdrop, we're spotlighting professionals who are thriving, seizing opportunities despite, or because of, COVID-19's effects on commercial and residential real estate in the US. These 30 young professionals stood out as the vanguard of the next generation in real estate, from prodigies who've risen through the ranks and innovated at established firms to startup founders looking to disrupt pockets of the sector with deeply traditional roots. Some come from finance behemoths like Blackstone and JPMorgan, others from industry mainstays like CBRE, Colliers, Savills, Cushman & Wakefield, and JLL. Then there are the startups, like Mosaic and Doorkee, whose names you might not recognize now but are bound to sooner than later. We also asked this year's rising stars to give us their best advice for people just starting out.
Persons: We've, Brown Harris Stevens Organizations: Blackstone, JPMorgan, Colliers, Cushman & Wakefield Locations: COVID, Savills
"We actually see a complete dive down of hydrogen production cost," says Haim Israel, global strategist and head of thematic investing at BofA Securities. The majority of hydrogen today is used in industry, including oil refining, ammonia production, methanol production and steel production. In transportation, hydrogen fuel can act as a direct replacement for gas and diesel. And the hydrogen station infrastructure needed to refuel hydrogen fuel cell cars is still widely underdeveloped. Scheduled to be operational by 2025, the Advanced Clean Energy Storage project would be the largest clean energy storage system in the world.
Persons: Haim Israel, Paul Browning, it's, Israel Organizations: International Energy Agency, BofA Securities, Mitsubishi Power Locations: Utah
Businesses can also share links with customers through its platform to receive payments, Revolut said. Revolut, founded in London five years ago, is mostly known for its money management app and payment card. But the company has been pushing deeper into business banking over the last few years. Revolut Business, like the firm's consumer-oriented service, has seen fast growth thanks to its slick app and cheaper foreign exchange rates. Revolut Business has racked up over 500,000 clients since its launch in 2017.
Persons: Nikolay Storonsky, Revolut Organizations: LONDON, Digital, Revolut Locations: Lisbon, Portugal, Europe, London
After opening the business as a Brooklyn-based, brick-and-mortar store in 2012, she started actively selling products on Instagram Stories in 2017. "Now that we are open it's about 10% on a normal day, or can be as much as 90% on a slow day," Power said. Before posting new products, Brown shares a slide telling customers to directly message her with the item they want and their preferred payment method. "It takes a lot of work, creative energy, and dedication to curate an Instagram shop worth shopping," Brown said. As with any aspect of growing your business, selling over Instagram Stories can be a learning experience with a tremendous payoff.
Persons: It's, Instagram, Lindsey Brown, Brown, Read, I've, Liz Power, Power, Mercedes O'Brien, SippN, O'Brien, flack, Soni Lee Solano, Solano, She's, she's, We've, Perry Boyce Organizations: Business Locations: Baltimore, Brooklyn, Atlanta, Coney Island, California
House passes bill to decriminalize marijuana, set up steps to wipe out convictions
  + stars: | 2020-12-04 | by ( Jacob Pramuk | ) www.cnbc.com sentiment -1.00   time to read: +2 min
The House passed a bill Friday to decriminalize marijuana at the federal level and set up a process to expunge past convictions. It marks the first time the House has voted to remove cannabis from the Federal Controlled Substances Act. The effort to decriminalize marijuana nationwide comes as more states legalize it for recreational or medical use. The legislation would require federal courts to expunge marijuana arrests and convictions and resentence Americans after a judicial review process, according to Blumenauer's office. As marijuana would no longer be considered a federal controlled substance, possession of it would not be a cause for deportation.
Persons: Adam Eidinger, South Dakota —, Earl Blumenauer of, Barbara Lee of, Blumenauer, Brown Organizations: DCMJ.org, U.S, Capitol, Democratic, Six, Federal, Substances, GOP, Congressional Cannabis Caucus, CNBC, YouTube Locations: Arizona, Montana , New Jersey, South Dakota, Earl Blumenauer of Oregon, Barbara Lee of California
Flournoy, a graduate of Georgetown University and Georgetown University Law Center, currently serves as chief of staff to former president Bill Clinton. Flournoy comes to Harris' team with years of political experience. Over the last 30 years, she's held several Democratic Party positions including her role as general counsel for the 1992 Democratic National Convention and counsel for the Democratic National Committee under chairmen Paul Kirk and Ron Brown. Additionally, Flournoy served as head of Governor Howard Dean's Democratic National Committee transition team. Kosoglu, who also served as chief of staff for Harris' presidential campaign, is a graduate of the University of Michigan and George Washington University.
Persons: Kamala Harris, Harris, Tina Flournoy, Rohini Kosoglu, Nancy McEldowney, Joe Biden, Bill Clinton, Flournoy, she's, Paul Kirk, Ron Brown, Howard Dean's, Dean, Clinton, Kosoglu, McEldowney, Avril Haines, Janet Yellen Organizations: American, South, Twitter, Georgetown University, Georgetown University Law Center, American Federation of Teachers, Democratic, Convention, Democratic National, Howard Dean's Democratic, Committee, Democratic National Committee, Biden, United, United States Senate, University of Michigan, George Washington University, Institute of Politics, Kennedy School of Government, Harvard University, McEldowney, U.S . Foreign Service, New College of Florida, Columbia University, National Defense University, National Security Council, Eurasian Affairs Locations: U.S, America, South Asian, United States, Bulgaria, Turkey, Azerbaijan, Europe
Tracking Viral Misinformation
  + stars: | 2020-12-03 | by ( Mike Isaac | Davey Alba | Michael D. Shear | ) www.nytimes.com + 0.00   time to read: +53 min
Daily Distortions Tracking Viral Misinformation Every day, Times reporters will chronicle and debunk false and misleading information that is going viral online. The company previously removed misinformation about the polio vaccine in Pakistan, as well as misinformation on the measles vaccine in Samoa during outbreaks of the illnesses. or Department of Justice, this is the biggest thing you could be looking at,” Mr. Trump said. found no evidence of widespread election fraud, Trump posts video filled with falsehoods. In fact, the article Mr. Trump shared was based on a fake Twitter account that posed as his sister.
Persons: Laura Morton, , Mark Zuckerberg, Zuckerberg, Anthony Fauci, Fauci, Read, Barr, President Trump, William Barr, Doug Mills, William P, Lou Dobbs, Dobbs, Mr, Barr “, Trump’s, virulently, Barr’s, George Terwilliger, George H.W, Terwilliger, ” David Rohde, , Trump, I’ve, ” “, Emerald Robinson, Newsmax, Bill Barr, Mark Levin, Katie Benner, Erin Schaff, Joseph R, Biden, ” Mr, Gabriel Sterling, Trump improbably, Rudolph W, Giuliani, Mitch McConnell of, Jacob Keeperman, selfie, Keeperman, Steve Sisolak, ” Read, Kamala Harris, Samuel Corum, Dinesh D’Souza, Ryan Fournier —, Harris’s, Barack Obama’s, Obama’s, , Heath Brown, Harris, Gavin Newsom, “ President Trump, Ross Baker, Mike Pence, George W, Bush, Dick Cheney, Bill Clinton, Al Gore, Ronald Reagan, Dan Quayle, Reagan, Jimmy Carter, Carter’s, Walter Mondale, Richard Nixon, Spiro Agnew, , Nicole Craine, implausibly, — Donald J, Brian Kemp of, Kemp, Anthony Michael Kreis, Kreis, Brad Raffensperger, Raffensperger, Andrew Caballero, Reynolds, Sona Iliffe, favorability, “ n00bs, Weeks, Audra Melton, WriteInTrumpForGA, ” Jordan Fuchs, Georgia’s, “ There’s, Biden’s, Kelly Loeffler, David Perdue, Loeffler, Perdue, Donald Trump, Pete D’Abrosca, Donald Trump Jr, Kelly, David, MAGA, GASEN — Donald Trump Jr, Jon Ossoff, Raphael Warnock, , Warnock, Yuri Gripas, OAN, Ivy Choi, affixing, Susan Wojcicki, — Robert Menendez, Mazie, Gary Peters of, Amy Klobuchar, Minnesota —, Wojcicki, Lynnette Hardaway, Rochelle Richardson, Dan Bongino, Diamond, David J, Harris Jr, Elizabeth Trump Grau, Elizabeth, Trump Grau, Wayne Dupree, Betty Trump, Don, We’ve, Chris Wallace’s, iopJ0AJ1KV — Donald J, “ I’m, Elizabeth Trump, “ Hope y’all, it’s, Chris Megerian, Dupree, Twitter, ” Davey Alba, Charlie Brown, Constantine ”, Keanu Reeves, Keanu Reeves ’ Constantine, Joe Biden, Candace Owens, Star Ben Watkins, Joshua Rashaad McFadden, Sidney Powell, Lin Wood, Russell Ramsland, Wolf, Frazee, Kandiyohi, John H, litigator, Hinderaker, Wood’s, . Wood, Ramsland, Powell Organizations: Facebook, The New York Times, World Health Organization, United, United States Food, Drug Administration, Centers for Disease Control, White House, ., New York Times, Justice Department, Trump, Fox Business, Twitter, The Justice, Mr, Times, Democratic, Fox, of Justice, DOJ, FBI, The Washington Times, The Times, Wednesday, White, Associated Press, Republican, Capitol, Renown, Renown Regional Medical, Renown Health, Renown’s, Operations Center, Senate, John Jay College, Federal Reserve, Governors, Committee, , Rutgers University, Halliburton, Georgia World Congress, State, WIN, Atlanta Journal, Georgia State University, Agence France, Morale, BuzzFeed, Georgia, Systems, GOP, U.S, Purdue, , ‘ Trump, Ossoff, YouTube, Associated Press YouTube, America News Network, America News, Center for Disease Control, Google, — Robert Menendez of New, Gary Peters of Michigan, Georgia Senate, , Avaaz, Getty, Fox News, United Feature Syndicate, Associated, NewsWhip, MasterChef, Broadcast, CNN, Los Angeles Times, PBS, Star, Laude, High, Credit, The New York, Voting Systems, “ MN Locations: Menlo Park, Calif, Credit, Covid, United States, U.S, Pakistan, Samoa, Bush, New Yorker, Spygate, Georgia, Mitch McConnell of Kentucky, Nevada, Reno, Nev, COVID, Washington, Texas, Arkansas, Maryland, Atlanta, Brian Kemp of Georgia, America, ” Image Georgia, North Carolina, Loeffler, hashtag, — Robert Menendez of, — Robert Menendez of New Jersey, Hawaii, Minnesota, Michigan, Charlotte, N.C, Minneapolis, Midwest, Monticello, Albertville, Lake Lillian, Houston, Brownsville, Runeberg, Detroit Lakes, , , Arizona
Senate Confirms Fed Economist Christopher Waller to Board Seat
  + stars: | 2020-12-03 | by ( Nick Timiraos | ) www.wsj.com sentiment -0.95   time to read: +1 min
The Senate confirmed one of President Trump’s picks Thursday to a vacancy on the Federal Reserve’s board of governors. He has attended meetings of the rate-setting Federal Open Market Committee this year in his capacity at the St. Louis Fed. Mr. Waller’s party-line confirmation reflected increased partisan tensions over the Fed. Mr. Waller’s confirmation was secured with fewer votes for any Fed governor since at least 1980. Party-line votes for Fed board positions hadn’t previously occurred, reflecting the central bank’s normally apolitical nature.
Persons: Trump’s, Christopher Waller, Louis, Louis Fed, Waller’s, Sen, Rand Paul of Kentucky, Peter Conti, Brown Organizations: Federal, Federal Reserve Bank of St, St, University of Notre, Fed, Banking Committee, Republican, University of Pennsylvania
Energy efficiency progress falters amid pandemic: IEA
  + stars: | 2020-12-03 | by ( Noah Browning | ) www.reuters.com sentiment -1.00   time to read: +1 min
LONDON (Reuters) - Global progress toward energy efficiency has slowed to its lowest rate in 10 years due to subdued prices amid the COVID-19 pandemic, the International Energy Agency said on Thursday, dealing a setback to efforts to curb climate change. Slideshow ( 2 images )“As a result of the crisis and continuing low energy prices, energy intensity is expected to improve by only 0.8% in 2020, roughly half the rates (last year)”, to levels last reached in 2010, the Paris-based watchdog said in a report. “This is well below the level needed to achieve global climate and sustainability goals” which the group puts at more than 3%. The agency recommended earlier this year that policymakers use the economic pause inflicted by the pandemic to prioritise renewable energy to curb carbon emissions. (Graphic: GDP relationship with energy intensity - )“It is especially worrying because energy efficiency delivers more than 40% of the reduction in energy-related greenhouse gas emissions over the next 20 years” according to the organization’s models, it added.
Organizations: International Energy Agency Locations: Paris
While it applies to companies from any country, the legislation’s sponsors intended it to target Chinese firms. Authorities in China have long been reluctant to let overseas regulators inspect local accounting firms, citing national security concerns. Experts also believe, that despite the new law, at least some Chinese firms looking to go public will factor in that a compromise will be worked out and still seek to list in the United States. (China)-based companies will continue give considerable weight to the many commercial advantages of being listed in the United States,” said Jason Elder, a partner at law firm Mayer Brown. There are 217 Chinese companies listed in the United States worth a combined $2.2 trillion, the U.S.-China Economic and Security Review Commission said in early October.
Persons: Mike Segar, Donald Trump, , Sumeet Singh, Joe Biden, Jason Elder, Mayer Brown Organizations: Reuters, Wall, New York Stock Exchange, REUTERS, Foreign Companies, U.S, U.S . House, U.S . Public, Authorities, Aequitas, Huawei Technologies Co, KFC, Taco Bell, Trump, China Securities Regulatory Commission, U.S ., China Economic, Security, Commission, Technology Group Locations: HONG KONG, U.S, Hong Kong, China, United States, Manhattan, New York City , New York
Sorry, Millennials. Boomers Are In at Gucci.
  + stars: | 2020-12-03 | by ( Matthew Dalton | ) www.wsj.com + 0.99   time to read: +1 min
Two years ago, Gucci emblazoned its clothes with the New York Yankees logo and the face of Bugs Bunny. Creative Director Alessandro Michele—hailed as a visionary for eclectic, pop-culture infused designs that ignited up social media and attracted millennials and Gen Z—is shifting to more subtle designs that play on the brand’s decades of heritage. “Older consumers not only have the means to buy their products, but they’re living longer, healthier, more fashionable lives,” she said. That plan has grown more urgent since the pandemic, as revenue plunged and flocks of tourists from abroad—avid Gucci customers—stayed at home. When a second wave of lockdowns swept the West, brands across the luxury sector scrambled to replace the tourist revenue.
Persons: Gucci, Bugs Bunny, Princess Diana, Jackie O, peters, Alessandro Michele —, , Pauline Brown, LVMH Moët Hennessy Louis Vuitton, Organizations: New York Yankees, Columbia Business School, North American, Gucci, Kering SA
Sorry, Millennials. Over-40s Are In at Gucci.
  + stars: | 2020-12-03 | by ( Matthew Dalton | ) www.wsj.com + 0.99   time to read: +1 min
Two years ago, Gucci emblazoned its clothes with the New York Yankees logo and the face of Bugs Bunny. Creative Director Alessandro Michele—hailed as a visionary for eclectic, pop-culture infused designs that ignited up social media and attracted millennials and Gen Z—is shifting to more subtle designs that play on the brand’s decades of heritage. “Older consumers not only have the means to buy their products, but they’re living longer, healthier, more fashionable lives,” she said. That plan has grown more urgent since the pandemic, as revenue plunged and flocks of tourists from abroad—avid Gucci customers—stayed at home. When a second wave of lockdowns swept the West, brands across the luxury sector scrambled to replace the tourist revenue.
Persons: Gucci, Bugs Bunny, Princess Diana, Jackie O, peters, Alessandro Michele —, , Pauline Brown, LVMH Moët Hennessy Louis Vuitton, Organizations: New York Yankees, Columbia Business School, North American, Gucci, Kering SA
U.S. Audit Watchdog Could Ramp Up Oversight Under New SEC Leadership
  + stars: | 2020-12-03 | by ( Mark Maurer | ) www.wsj.com + 0.00   time to read: +5 min
The SEC, which is the U.S. securities regulator, supervises the Public Company Accounting Oversight Board, an independent watchdog that sets audit standards, inspects audits and disciplines audit firms for violations. SEC Chairman Jay Clayton and William Hinman, director of the regulator’s corporate finance division, plan to step down this month after about 3½ years in their roles. He has called for changes to the PCAOB’s rules and structure to better incorporate investor feedback. Mr. Pitt is a former SEC chairman who advises the agency on governance issues at the PCAOB. “An SEC chairman could have a fairly significant impact on how the PCAOB goes about doing its business, even without any change in composition,” he said.
Persons: Jay Clayton, William Hinman, Joe Biden, Clayton, Trump’s, , William Duhnke ., Denny Henry, William Duhnke, Robert Brown Jr, Duhnke’s, Brown, Duhnke, , Daniel Goelzer, Harvey Pitt, Pitt, Mark Maurer Organizations: Securities and Exchange, SEC, Public Company, Mr, Investor, roundtables, European Union, Kalorama Partners, Sarbanes, Oxley, Enron Corp, mark.maurer Locations: U.S
Hits Record Daily Death Toll, With Worse Likely to Come With cases in the U.S. blowing past the spring peak, more than 100,000 people were hospitalized for Covid-19 on Wednesday. Experts warn that the nation could be facing the most difficult time in its public health history. Then, not long after evening fell, the U.S. recorded is greatest daily death toll ever: 2,760, with no sign of a letup. “This is a much worse situation,” said Dr. Ashish Jha, dean of Brown University’s School of Public Health. Among the abuses was the 40-year-long Tuskegee study in which officials from the U.S. Public Health Service allowed Black men infected with syphilis to go untreated.
Persons: Janie Osborne, Robert Redfield, , Dr, Redfield, , Jeremy Faust, It’s, “ We’re, it’s, Ashish Jha, Leora Horwitz, Sabrina Tavernise, Sheila Kaplan, Obama, Barack Obama, Erin Schaff, Anthony Fauci, ” Mr, Joe Madison, Anthony S, ’ ”, Elizabeth Stoeppler, We’re, they’ve, Joanne Bartkus, Kim Hong, Kim Mun, jeong, , Andrew Testa, Steve McNamara, McNamara Organizations: ., The New York Times, for Disease Control, Chamber of Commerce Foundation, Brigham, Women’s Hospital, Brown University’s School of Public Health, Centers for Disease Control, Grossman, of Medicine, National Institute of Allergy, Pfizer, Tuskegee, U.S . Public Health Service, Houston Methodist Hospital . Credit, University of North Carolina’s School of Medicine, Minnesota Department of Public Health Laboratory, Korean, Government, College Scholastic, South, Drivers ’ Association Locations: U.S, Bozeman, Mont, Covid, Boston, New York, New England, United States, Seoul, South Korea, South Korean, Central Seoul, Korea, Epping, England, London, Britain
Facebook to remove misinformation about coronavirus vaccines
  + stars: | 2020-12-03 | by ( Ryan Browne | ) www.cnbc.com sentiment -1.00   time to read: +1 min
Facebook said Thursday that it will start removing misinformation about coronavirus vaccines as countries around the world prepare to start rolling them out. So far, Facebook's policy has been to remove false claims about Covid-19 which it says could lead to "imminent physical harm," such as posts promoting false cures or bogus conspiracy theories linking the virus to 5G. But it hadn't yet taken a firm stance on vaccines, other than to ban ads that promote anti-vaccination conspiracy theories. The company has only removed posts containing misinformation about vaccines in Pakistan and Samoa in the past, and those examples weren't related to Covid-19. The company said it will "start removing false claims about these vaccines that have been debunked by public health experts on Facebook and Instagram."
Persons: Mark Zuckerberg, they've Organizations: Facebook, Pfizer, AstraZeneca Locations: Covid, Pakistan, Samoa
“The COVID-19 pandemic will bring some changes to this year's holiday season,” according to a notice dated November 25. "I'm going to be meeting with them today, by Zoom," Fauci said in an interview on CBS News' "The Takeout" podcast. Share this -Facebook bans false claims about Covid-19 vaccines Facebook on Thursday said it would remove false claims about Covid-19 vaccines that have been debunked by public health experts, following a similar announcement by Alphabet’s YouTube in October. Facebook said in a blog post that the global policy change came in response to news that Covid-19 vaccines will soon be rolling out around the world. Gavin Newsom's stay-at-home order amid a rise in Covid-19 cases in the state, the station reported.
Persons: Lon Adams, Slim Jim, Covid, — Alonzo “ Lon ”, Adams, Lynn Barrow of Brown, Wynne, Barrow, Slim Jims, Bill de Blasio, ” de Blasio, de Blasio, , Pompeo, Mike Pompeo, SCOTUS, Newsom’s, Anthony Fauci, Fauci, Scott Jones, Jones, Gavin Newsom's, ” Jones Organizations: Observer, The New York Times, GoodMark, Conagra Brands, GoodMark Foods, New York City, Pfizer, Moderna, Department, Administration, State Department, Washington, Interpol, Jürgen, The U.S, Supreme, Gov, Biden, National Institute, CBS, YouTube, Facebook, Sheriff's Locations: Covid RALEIGH, N.C, Raleigh , North Carolina, Raleigh, Garner , North Carolina, New York, U.S, California, WASHINGTON, The, Covid, Sacramento
Lon Adams, Slim Jim jerky recipe creator, dies of Covid
  + stars: | 2020-12-03 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +9 min
SEE NEW POSTSLon Adams, Slim Jim jerky recipe creator, dies of Covid RALEIGH, N.C. — Alonzo “Lon” T. Adams II, the man who created the formula for Slim Jim beef jerky sticks, has died from complications of Covid-19. Adams worked on the jerky recipe for more than 20 years at GoodMark Foods in Garner, North Carolina, from 1968 until his retirement in 1991. Share this -Covid vaccine could be available in NYC in less than 2 weeks The new Covid-19 vaccine is expected to make its New York City debut in less than two weeks, Mayor Bill de Blasio announced Thursday. “The COVID-19 pandemic will bring some changes to this year's holiday season,” according to a notice dated November 25. Facebook said in a blog post that the global policy change came in response to news that Covid-19 vaccines will soon be rolling out around the world.
Persons: Lon Adams, Slim Jim, Covid, — Alonzo “ Lon ”, Adams, Lynn Barrow of Brown, Wynne, Barrow, Slim Jims, Bill de Blasio, ” de Blasio, de Blasio, , Pompeo, Mike Pompeo, SCOTUS, Newsom’s, Anthony Fauci, Fauci, Scott Jones, Jones, Gavin Newsom's, ” Jones, Janet Yellen, Joe Biden's Organizations: Observer, The New York Times, GoodMark, Conagra Brands, GoodMark Foods, New York City, Pfizer, Moderna, Department, Administration, State Department, Washington, Interpol, Jürgen, The U.S, Supreme, Gov, Biden, National Institute, CBS, YouTube, Facebook, Sheriff's, Department of Labor, United, Federal Locations: Covid RALEIGH, N.C, Raleigh , North Carolina, Raleigh, Garner , North Carolina, New York, U.S, California, WASHINGTON, The, Covid, Sacramento, United States
The worst symptom she had was a fever that lasted maybe 10 days," Merola said in a phone interview Thursday. This payout will be the fourth since the pandemic began, following bonus distribution in April, June and August. Several large companies, including Walmart, have recently come under fire for not resuming those payments as coronavirus cases and holiday demand surge. “The COVID-19 pandemic will bring some changes to this year's holiday season,” according to a notice dated November 25. The alert comes in the wake of news that the U.K. has approved the Pfizer coronavirus vaccine, to be first administered this month, and the U.S. is likely to follow suit soon.
Persons: , Angelina Friedman, Friedman, Joanne Merola, Merola, Antonio Guterres, Guterres, U.N, Donald Trump, Joe Biden, Lon Adams, Slim Jim, Covid, — Alonzo “ Lon ”, Adams, Lynn Barrow of Brown, Wynne, Barrow, Slim Jims, Bill de Blasio, ” de Blasio, de Blasio, , Pompeo, Mike Pompeo, SCOTUS, Newsom’s Organizations: UNITED, United Nations, World Health Organization, General Assembly, WHO, Walmart, Kroger, Target, Food, Commercial Workers Union, Observer, The New York Times, GoodMark, Conagra Brands, GoodMark Foods, New York City, Pfizer, Moderna, Department, Administration, State Department, Washington, Interpol, Jürgen, The U.S, Supreme, Gov Locations: New York, Lake Mohegan, Wuhan, Geneva, China, U.S, Covid RALEIGH, N.C, Raleigh , North Carolina, Raleigh, Garner , North Carolina, California, WASHINGTON, The
U.N. chief pans countries who ignored Covid facts, WHO guidance
  + stars: | 2020-12-03 | by ( Nbc News | ) www.nbcnews.com + 0.00   time to read: +8 min
SEE NEW POSTSU.N. chief pans countries who ignored Covid facts, WHO guidance UNITED NATIONS - United Nations Secretary-General Antonio Guterres on Thursday decried countries — without naming names — who rejected the facts about the coronavirus pandemic and ignored guidance from the World Health Organization. And in some situations, there was a rejection of facts and an ignoring of the guidance. And when countries go in their own direction, the virus goes in every direction," he said. Several large companies, including Walmart, have recently come under fire for not resuming those payments as coronavirus cases and holiday demand surge. The alert comes in the wake of news that the U.K. has approved the Pfizer coronavirus vaccine, to be first administered this month, and the U.S. is likely to follow suit soon.
Persons: Antonio Guterres, , Guterres, U.N, Donald Trump, Joe Biden, Lon Adams, Slim Jim, Covid, — Alonzo “ Lon ”, Adams, Lynn Barrow of Brown, Wynne, Barrow, Slim Jims, Bill de Blasio, ” de Blasio, de Blasio, , Pompeo, Mike Pompeo, SCOTUS, Newsom’s, Anthony Fauci, Fauci Organizations: UNITED, United Nations, World Health Organization, General Assembly, WHO, Walmart, Kroger, Target, Food, Commercial Workers Union, Observer, The New York Times, GoodMark, Conagra Brands, GoodMark Foods, New York City, Pfizer, Moderna, Department, Administration, State Department, Washington, Interpol, Jürgen, The U.S, Supreme, Gov, Biden, National Institute, CBS Locations: Wuhan, Geneva, China, U.S, Covid RALEIGH, N.C, Raleigh , North Carolina, Raleigh, Garner , North Carolina, New York, California, WASHINGTON, The
SEE NEW POSTSWalmart gives another round of employee bonuses, bringing 2020 total over $2.8B Walmart will give another round of cash bonuses to full- and part-time hourly employees, the company said Thursday. Walmart, the nation’s largest private employer, will distribute up to $700 million in bonuses for this round alone, bringing the 2020 total up to over $2.8 billion. Several large companies, including Walmart, have recently come under fire for not resuming those payments as coronavirus cases and holiday demand surge. “The COVID-19 pandemic will bring some changes to this year's holiday season,” according to a notice dated November 25. Facebook said in a blog post that the global policy change came in response to news that Covid-19 vaccines will soon be rolling out around the world.
Persons: Lon Adams, Slim Jim, Covid, — Alonzo “ Lon ”, Adams, Lynn Barrow of Brown, Wynne, Barrow, Slim Jims, Bill de Blasio, ” de Blasio, de Blasio, , Pompeo, Mike Pompeo, SCOTUS, Newsom’s, Anthony Fauci, Fauci Organizations: Walmart, Kroger, Target, Food, Commercial Workers Union, Observer, The New York Times, GoodMark, Conagra Brands, GoodMark Foods, New York City, Pfizer, Moderna, Department, Administration, State Department, Washington, Interpol, Jürgen, The U.S, Supreme, Gov, Biden, National Institute, CBS, YouTube, Facebook Locations: Covid RALEIGH, N.C, Raleigh , North Carolina, Raleigh, Garner , North Carolina, New York, U.S, California, WASHINGTON, The, Covid
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